Quarterly NCUA report says membership growth at larger credit unions held steady while small CU membership declined.
New credit union organizers share the same philosophy as the industry's pioneers.
Almost every credit union in America has the same basic story about its early days.
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A U.S. District Court judge in Alexandria, Va., sentenced Timothy J. Coughlin, 63, of Indianapolis to more than seven years in federal prison the week of Oct. 20 for embezzling $10 million through a fake credit union.
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Timothy J. Coughlin embezzles $10 million through a bogus credit union, receives seven-year sentence.
Compared to the second quarter of 2013, membership declined at 54% of the nation's credit unions in the second quarter of this year, according to the NCUA.
Credit unions in New Jersey have the lowest drop, Alaska has the highest growth in membership.